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City Report · FL

Hernando

Pop. 9,299·193rd most expensive in Florida·Rental market data updated monthly for Hernando, FL
Median rent (all units)
$1,990/mo
Year-over-Year
Stable
Month-over-Month
+3.1%
vs US Median
+$28
Rising (Monthly)
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Most AffordableMost Expensive
Hernando · $1,990
More expensive than 58% of US cities · National median $1,962/mo
Affordability
55% of income
EXPENSIVE
0%30% benchmark60%+

At $1,990/mo, rent takes about 55% of the local median household income, well above the 30% benchmark.

Income to afford
$80,000/yr
Local median income
$43,076/yr
Based on the 30%-of-income rule using Hernando's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$860
1 BR
$870
2 BR
$1,090
3 BR
$1,530
4 BR+
$1,830
Fair Market Rent (HUD)
$1,090/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,990 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$23,880/yr
At $1,990/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +3.1% MoM), not inventory.
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Demographics

Who lives here

Hernando, FL is majority owner-occupied, has a large retiree population, has a median income below the national average, 15.4% of residents hold a bachelor's degree or higher.

Population
9,299
Median income
$43,076
Median age
59.9
Renters
15%
Age distribution
14.2%
12.5%
15.9%
18.9%
38.5%
Under 1814.2%
18–3412.5%
35–5415.9%
55–6418.9%
65+38.5%
Gender
56.6%
43.4%
Male56.6%
Female43.4%
Race & ethnicity
91.2%
White91.2%
Black2.2%
Hispanic4%
Asian1.2%
Other1.5%
Education (25+)
45.4%
30.3%
15.4%
No HS diploma8.9%
HS diploma45.4%
Some college30.3%
Bachelor's+15.4%
Housing tenure
85%
15%
Owner85%
Renter15%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Hernando, FL has changed in 5 years

Income
$38,109 → $43,076
up 13.0%
Population
9,530 → 9,299
down 2.4%
Renter share
15.2% → 15%
-0.2 pts
Bachelor's+
16.8% → 15.4%
-1.4 pts
Median age
57.5 → 59.9
+2.4 yrs

Median household income grew from $38,109 to $43,076 between 2021 and 2024, a 13.0% shift. Headcount in the area went from 9,530 to 9,299 between 2021 and 2024, a 2.4% change.

Community

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View Hernando rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hernando on your salary?

At $1,990/mo, how Hernando rent compares to typical pay (30% rule).

By apartment size

Hernando rent by bedroom count

Median rent for each apartment size in Hernando. Click any size for full breakdown.

Local insights

Tips for renters in Hernando

About renting in Hernando, FL

Last updated: August 17, 2026

The median rent in Hernando is $1,990/mo as of August 2026. A studio apartment averages $860/mo while a 2-bedroom runs $1,090/mo. One-bedroom apartments average $870/mo and 3-bedroom units go for $1,530/mo.

At 55% of local median household income ($43,076/yr), Hernando ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Hernando an affordable city for renters?

Hernando is considered expensive for renters. At $1,990/mo, rent takes approximately 55% of the local median household income ($43,076/yr). The standard benchmark is 30%. Hernando significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Hernando?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,990/mo in Hernando. The local median household income is $43,076/yr, meaning the typical Hernando household falls short of that threshold.

Is rent going up or down in Hernando?

Rent in Hernando has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Hernando rent compare to other cities in Florida?

Hernando is middle-of-the-pack for Florida for rent, ranking #193 out of 291 tracked cities at $1,990/mo.

Which nearby cities are cheaper to rent in than Hernando?

Several nearby cities have lower median rents than Hernando ($1,990/mo): Inverness ($1,580/mo), Lecanto ($1,700/mo), Homosassa ($1,732/mo).

What percentage of Hernando residents rent vs. own?

According to Census data, approximately 15% of Hernando households are renters, while 85% are owner-occupied. Hernando leans toward homeownership, which can mean a smaller rental inventory.

How does Hernando rent compare to the national average?

Hernando's median rent of $1,990/mo is $28 (1%) above the US national median of $1,962/mo. Within Florida, it ranks #193 out of 291 tracked cities.
Income Affordability
55%
EXPENSIVE

At $1,990/mo, rent takes ~55% of Hernando's median household income ($43,076/yr). The standard benchmark is 30%.

Hernando 55%Benchmark 30%
State income taxNone
Run the Hernando affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hernando, FL

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